Denmark Consumer Confidence

Denmark: Consumer confidence hit five-month low in July

July 24, 2015

The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 9.8 points in June to 9.5 points in July, thus falling to the lowest level in five months.

July’s reading reflects consumers’ less positive perceptions of the economic situation in Denmark in the next 12 months. Households were also downbeat regarding development of consumer prices, both in terms of the past and what they expect going forward. Moreover, consumers expressed less interest in making big-ticket purchases and they continued to have a negative feeling about their ability to generate savings at present and in the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.5% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists expect consumption to expand 1.9%.

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Denmark Economic News

According to the business survey conducted by Statistics Denmark, business confidence deteriorated in January, dropping below the zero-point threshold that separates optimism from pessimism among manufacturers for the first time in five months.